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jxyzobrien

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jxyzobrien

Re: gratitude post# 30066

Saturday, 02/13/2016 7:56:34 AM

Saturday, February 13, 2016 7:56:34 AM

Post# of 46542
weekly charts
Weekly charts had to finish to send clear signal.
Now if spx or oil weekly charts look bad then wave 2 rally
in jeopardy.

Bollinger
In monthly spx wave 1 as you say markets become oversold and wave 2
tries return to MID BB CL which is actual true prices
spx (2032) (will change a bit).

Then wave 3 is straight down and you can no longer use bollinger
bands.

As the bear ends spx monthly hits RSI < 30 and the
end of bear confirmation is return mid BB CL
in New wave 1 uptrend.
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